Changes to the IBD & How They Affect You

In the Trading Trainer way of doing things, we use a Fundamentals Filter to create what we call our “Watch List.”

This allows us to be watching the best of the best “option-able” stocks out there. These stocks not only catch the attention of traders with big cash rolls, but they also work best with our subsequent filters for finding hot picks for the day.

Our Fundamentals Filter actually looks at more than just fundamentals. It examines:

Whether the stock is “option-able” or not.

Share price.

Earnings per share.

Relative price strength.

Industry Group strength.

Liquidity (are there enough options contracts being traded?)

Pattern (can it be traded?)

The Investors Business Daily (IBD) has always been the source of data we use to conduct our evaluation.

Recently, the IBD made some drastic changes to how they show the NYSE and NASDAQ main tables. At first, I wondered how the changes would affect us.

Fortunately, the changes have made evaluating tickers and building a watch list even easier.

Here are some of the highlights:

They combined NYSE and NASDAQ tickers into a single table. (I think this change makes sense from a user’s perspective. The exchanges have pretty much merged anyway.)

Instead of listing tickers alphabetically, they are now ordered by industry from hottest to coldest. Then within each “industry” list, the tickers are further sorted from the hottest ticker to the coldest.

What does this mean to you?

It means that instead of sifting through the entirety of two separate tables, you only need to sift the first sections of one table — and only the top of those sections, for that matter.

Before the changes, you had to go through every ticker on each list. Very time consuming.

Now, since the IBD does a lot of filtering for us, we only have to run through the top portions of three or four small lists.

Ultimately, the IBD’s overhaul has simplified our lives… big time.

Best regards always,

A.J. Brown

P.S. How do you feel about the IBD’s recent changes? Leave a comment and let me know.

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